The U.S. Senate
overwhelmingly passed a bill (NYT) that would devote nearly $250 billion to manufacturing and technology development to strengthen competitiveness with China.
The bill, which passed 68 to 32, would promote investment in public and private research and development (R&D) pipelines, including on semiconductors. It also calls for sanctions in response to forced labor and human rights abuses in China’s Xinjiang region.
Top Chinese officials said (WaPo) the bill “slanders China’s development path and its domestic and foreign policies.” Leaders in the U.S. House of Representatives have not committed to approving the Senate bill, but some representatives introduced their own bill to boost research funding. Meanwhile, the
White House announced a new task force to strengthen U.S. supply chains, as well as strategies to bolster six industries behind the United States’ economic and national security.